Are Insiders Deserting Oasis Petroleum?

Chief Executive Thomas B. Nusz chopped his stake down to 2.5% from 3.1%.

Three insiders at Oasis Petroleum including the chief executive and chief operating officer sold 550,000 shares of the company to the tune of $16,610,990 from Sep. 4 through 6.

CEO Thomas B. Nusz sold 378,058 shares of the energy company for $11,322,626, an average of $29.95 each. Nusz followed up by selling an additional 46,942 shares for $1,437,364, an average of $30.62 each, and then gifted an additional 75,000 shares.